Steve Cuozzo

Foreign money twice bailed out Pacific Park, one of New York City’s most ambitious but contentious developments. Now a major Chinese player has scaled back its stake. The move might put some juice back into the slow-moving Brooklyn scheme, but completion remains a far-off dream.

Londoners troubled over the plight of debt-ridden House of Fraser as it fell into administration last week and was promptly bought by Sports Direct should know that the department store scene in America is even more dire. Jumbos are closing from coast to coast while in Manhattan, the historic something-for-everyone ...

21st Century Fox and News Corp, separate companies controlled by Rupert Murdoch, and developer Larry Silverstein last week announced a letter of intent for the media firms to move from Midtown to 2 World Trade Center (WTC) .

Manhattan fear-mongers routinely cry wolf over a ‘glut’ of new office space. They did in it in the 1990s when a few towers opened empty, and after 9/11 every time a new building brought some vacant space to market.